2016 SB 104 Renewable Energy Tax Credit Eligibility

CVNM Position:
Support
Year:
2016
Sponsors:
Clemente Sanchez
George Dodge Jr.
David M. Gallegos
Topics:
Energy & Climate Change
Legislative Info:
SB 104 on nmlegis.gov »

Description

SB 104 (and its companion HB 175) would have had the positive effect of encouraging an increase in the production of renewable energy. These bills would have added geothermal energy as a qualified renewable energy source, increased the total amount of electricity that may have been produced by qualified energy generators, and extended the date by which a qualified energy generator must have first produced electricity to qualify for the renewable energy production tax credit. They would have limited the period for which a taxpayer may have claimed the renewable energy production tax credit to 10 years, and added a sunset provision to the Renewable Energy Production Tax Credit.

Outcome

SB 104 died in the Senate Corporations and Transportation Committee. HB 175 died in the House Ways and Means Committee.


How Legislators Voted on SB 104


  • = Pro Conservation Vote
  • = Anti Conservation Vote
  • A = Absent
  • E = Excused
  • R = Recused
  • W = Abstain
Legislator Party District Office Conservation
Vote
Year
Cervantes, Joseph  (D) D 31 Senator 2016
Martinez, Richard C. (D) D 5 Senator 2016
Payne, William H. (R) R 20 Senator 2016
Ryan, John (R) R 10 Senator 2016
Sanchez, Clemente  (D) D 30 Senator 2016
Sharer, William E. (R) R 1 Senator 2016
Soules, William P. (D) D 37 Senator 2016
Stewart, Mimi  (D) D 17 Senator 2016
Wirth, Peter  (D) D 25 Senator 2016
Woods, Pat  (R) R 7 Senator E 2016